Building a Prosperous Future, Together.
Welcome to the WAEC Muslim Cooperative Society (WAMCOS). We are dedicated to the financial empowerment and welfare of our members through ethical, community-driven initiatives.
Our Mission: Financial Growth with Integrity
WAMCOS was founded on the principles of mutual support, ethical finance, and community development. Our primary objective is to promote thrift among our members and provide them with access to credit for productive and provident purposes.
We operate strictly in accordance with Islamic financial principles, ensuring all our activities are free from interest (Riba) and are geared towards shared prosperity and collective success. We believe in empowering every member to achieve their financial goals in a responsible and ethical manner.
Years of Service
Happy Members
Ethical
Our Core Services
We provide a range of Shari'ah-compliant services designed to meet the diverse financial needs of our members.
Flexible Savings Plans
Secure your future with our diverse savings options tailored to your financial goals, offering competitive profit rates.
Ethical Loan Facilities
Access interest-free loans for personal needs, asset acquisition, or business expansion, all compliant with Islamic finance principles.
Joint Venture Investments
Participate in viable, Halal investment projects managed by the cooperative, sharing in the profits and contributing to collective growth.
Member Welfare Packages
We stand by our members in times of need with comprehensive welfare support.
Why Join WAMCOS?
Membership comes with a host of benefits designed to foster financial stability and a strong sense of community.
Financial Empowerment
Grow your wealth through ethical savings and investment opportunities designed for your prosperity.
Strong Community
Join a network of supportive colleagues, fostering both professional and personal bonds.
Transparent Operations
Benefit from a cooperative run on the principles of trust, integrity, and complete transparency.
Simple Steps to Join Us
Becoming a member of the WAMCOS family is a straightforward process. Follow these three simple steps to get started.
Obtain Form
Pick up a membership application form from the WAMCOS secretariat or download it from our members' portal.
Submit & Verify
Complete the form and submit it with the required documents. Our team will review your application.
Start Contributing
Once approved, you can start your monthly contributions and gain access to all our benefits and services.
What Our Members Say
Hear directly from our members about their experience and success stories with WAMCOS.
"Joining WAMCOS was one of the best financial decisions I've made. The asset financing plan helped me buy my first car with ease and without any interest. It's more than a cooperative; it's a family."
Aisha Bello
Senior Examinations Officer, WAEC
"The transparency and commitment to Islamic principles at WAMCOS are truly commendable. My savings have grown steadily, and the annual profit distribution is always a welcome bonus. Highly recommended!"
Ibrahim Lawal
IT Department, WAEC